Warren Buffett, 94, Pledges $150B Fortune To Charity

USA Today reports:

Warren Buffett, the legendary investor and chairman of Berkshire Hathaway, has made further preparations for giving away his fortune after his death. Buffett, 94, plans to donate 99.5% of his remaining wealth, valued on Friday at $149.7 billion according to Forbes magazine, to a charitable trust overseen by his daughter and two sons when he dies.

In a letter to Berkshire shareholders on Monday, Buffett said three potential successor trustees have been designated if his daughter Susie, 71, and sons Howard, 69, and Peter, 66, cannot serve. After his death, his children will have about 10 years to give away his remaining wealth, and must decide unanimously which philanthropic purposes it should serve.

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‘Never Wished To Create A Dynasty’: Warren Buffett Donates

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